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Mar 5, 2014
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it's gone up so much because we've had a deficit in the market. you've had strikes in south africa. but russia is also the largest supplier of palladium, with 41% of the market. people are concerned that you're going to have at least some economic sanctions against russia. and you may not be able to get all of the palladium out. >> is most of the climb in the past few days? >> it was climbing before that. the past few days were fairly steep, though. >> and cars, really? >> the converters and what not. >> it's to play the bining, swc. it's a u.s. company. they contract out the palladium. but there is palladium in the u.s. if you look at it's had a great move. but stillwater mining. it looks like -- >> you're bearish gm. there's enough of a shortage here that that offsets. >> right. it's not like gm is going to go out of business. >> how can they do that? >> exactly. >> all right. we broadcast here out of the nasdaq market site. and today, nasdaq announced a new effort focusing on private companies. the private market is designed to help private companies to connect with buyers. joini
it's gone up so much because we've had a deficit in the market. you've had strikes in south africa. but russia is also the largest supplier of palladium, with 41% of the market. people are concerned that you're going to have at least some economic sanctions against russia. and you may not be able to get all of the palladium out. >> is most of the climb in the past few days? >> it was climbing before that. the past few days were fairly steep, though. >> and cars, really?...
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Mar 6, 2014
03/14
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we got about a quarter inch adding to the deficit of the drought that we're in but you'll notiig
we got about a quarter inch adding to the deficit of the drought that we're in but you'll notiig
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Feb 27, 2014
02/14
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a 30 million more deficit is hard to make up. and if a black or latino kid isn't ready for kindergarten, he's half as likely to finish middle school with strong academic and social skills. so by giving our kids access to high-quality early education and by helping parents get the cools they need to help their children succeed, we can give more kids a better shot at the career they are capable of and the life that will make us all better off. that's point number one, right at the beginning. point number two, if a child can't read well by the time he's in third grade, he's four times less likely to graduate from high school by age 19 than one who can. and if he happens to be poor, he's six times less likely to graduate. so by boosting reading levels, we can help more of our kids make the grade. keep on advancing. reach that day that so many parents dream of coming close and then you start tearing up and that's when they are walking across that stage holding that diploma. number three, we know that latino kids are almost twice as li
a 30 million more deficit is hard to make up. and if a black or latino kid isn't ready for kindergarten, he's half as likely to finish middle school with strong academic and social skills. so by giving our kids access to high-quality early education and by helping parents get the cools they need to help their children succeed, we can give more kids a better shot at the career they are capable of and the life that will make us all better off. that's point number one, right at the beginning....
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Mar 4, 2014
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at a time when our deficit has been cut in half, it laos us to meet our obligation to future generations without leaving them a mountain of debt. >> budget also did he vote money for highways and roadways. >> republicans have a different view on spending priorities and debt. what are they saying? >> john boehner calling it perhaps the president's most irresponsible budget ever. paul ryan says it isn't a serious document, it is a campaign brochure. ryan is working on a budget of his own which is expected to take a look at poverty programs noting some work, others don't. as for the president's blueprint, the top republican on the senate budget committee blasted it. >> this budget will not work. it's bad for america. it does not get us off the debt course we're on. it has total flimflam in it, it projects we're going to raise another 1.75 trillion. the last two budgets proposed an increase of a trillion dollars in taxes. this would almost tunnel the amount of tax increase. >> republicans say the president's plan spends, borrows, and taxes too much, gretchen. >> thanks. >>> fox news alert, h
at a time when our deficit has been cut in half, it laos us to meet our obligation to future generations without leaving them a mountain of debt. >> budget also did he vote money for highways and roadways. >> republicans have a different view on spending priorities and debt. what are they saying? >> john boehner calling it perhaps the president's most irresponsible budget ever. paul ryan says it isn't a serious document, it is a campaign brochure. ryan is working on a budget...
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deficit now. the rain today will hopefully keep that ddeficit from buildin not decrease it at all. l low to mid-50s. marrying everybody else except alameda. 57 degrees the warm spot right now. temperatures tomorrow that will be slightly cooler than today. this because of the cold front pushing through and a little wind shift. around 6 0 at the coast. 70, high clouds and sunshine around the bay and inland friday and saturday and low to mid-60s at the coast. more rain is on wait for the back half. weekend. that's coming up in your accuweather seven-day forecast. here's kristen and eric with more news. >>> and the bush dynasty. the win for one of the youngest members of america's best known political family. >>> first, more than 100,000 pieces of mail go up in flames right here in california. this morning, the advice the post office is giving to people who may have lost their letters and packages. >>> and caught on camera. an art thief tries to get eway wi away with a pricey painting but wasn't thinking about a quick-thinking gallery owner. >>> three b.a.r.t. stations shut down in the
deficit now. the rain today will hopefully keep that ddeficit from buildin not decrease it at all. l low to mid-50s. marrying everybody else except alameda. 57 degrees the warm spot right now. temperatures tomorrow that will be slightly cooler than today. this because of the cold front pushing through and a little wind shift. around 6 0 at the coast. 70, high clouds and sunshine around the bay and inland friday and saturday and low to mid-60s at the coast. more rain is on wait for the back...
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Feb 28, 2014
02/14
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>>> the federal deficit plunged by more than $400 in the last fiscal deficit. the sharpest drop since the end of world war ii. alison kosik is in new york to tell us why this happened. >> the federal budget deficit is at its lowest level in five years. the deficit is the difference between what the government spends and takes in. that dropped to $680 billion in 2013. to give you some perspective, during the financial crisis, it shot up above $1 trill in 2009 as the economy tanked and government bailouts became the norm. here is why it is happening. the economy is getting better over the last few years. the deficit has been shrinking. also, we are paying higher taxes. all that means more revenue for the government. the government has cut back on spending. the republicans, they still insist that the budget deficit is still too large. if they are looking for a fight, they may not get it. congress agreed to a bipartisan budget deal. mid-term elections are coming in the fall. a strengthening economy is removing much of the budgetary brinkmanship we have been sufferi
>>> the federal deficit plunged by more than $400 in the last fiscal deficit. the sharpest drop since the end of world war ii. alison kosik is in new york to tell us why this happened. >> the federal budget deficit is at its lowest level in five years. the deficit is the difference between what the government spends and takes in. that dropped to $680 billion in 2013. to give you some perspective, during the financial crisis, it shot up above $1 trill in 2009 as the economy tanked...
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Feb 26, 2014
02/14
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certainly in modern times, and had a surplus when he finished his presidency that was turned into a record deficit by the republican president that succeeded him, so we are looking forward to having surrogates like president clinton and others stump for our candidates all across the country, and this week at the dnc meeting, we're going to be making sure that we can continue to focus on continuing our progress and helping to add value to elect democrats up and down the ballot. >> yeah. it is an interesting balance, as i mention, president clinton doing the stumping, hillary clinton doing a foreign policy event, she is down in florida today. these are not midterm stumping events. they've found a division of labor within the family for now. dnc chair debbie wasserman shultz, thanks for your time today. >> thanks, ari. >>> coming up, two years ago tonight, a story we all remember, trayvon martin was shot and killed. a tragedy that sparked a national conversation. we're going to talk about that case and the implications that continue to shape a lot of policy discussions. >>> but first, before we get t
certainly in modern times, and had a surplus when he finished his presidency that was turned into a record deficit by the republican president that succeeded him, so we are looking forward to having surrogates like president clinton and others stump for our candidates all across the country, and this week at the dnc meeting, we're going to be making sure that we can continue to focus on continuing our progress and helping to add value to elect democrats up and down the ballot. >> yeah. it...
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Feb 28, 2014
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how about saying that. >> well, there is a decline in the deficit, but i don't know how much of that s is due to th proceeds of fannie mae and freddie mac. >> and the fdic had a good trade in there. good trading by them. >> and we have not talked about it often enough, but we have talked about the lawsuit initiate initiated by perry and berkowitz and ackman owning the common which is up sharply, but they are way past paying them back. and the president -- >> and the president has said that the common -- >> and the third amendment is all in place meaning that all of the profits are e sweeping to the government helping the e deficit. >> it is a windfall due to the rising pricing in housing, but the president said that the common should go to the treasury and he made that statement, and the fdic knew that the preferred and the fdic made a good trade instead of a bad trade. >> and did they know something, because it seem had the fdic had incomplete information there. >> and hey, well, steve cohen h, and danny may. >> yes, and broadly jim, on the -- there is a list of 29 commodities that
how about saying that. >> well, there is a decline in the deficit, but i don't know how much of that s is due to th proceeds of fannie mae and freddie mac. >> and the fdic had a good trade in there. good trading by them. >> and we have not talked about it often enough, but we have talked about the lawsuit initiate initiated by perry and berkowitz and ackman owning the common which is up sharply, but they are way past paying them back. and the president -- >> and the...
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Mar 6, 2014
03/14
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we're looking at having a deficit this year of like roughly 3% of gdp. a couple of years ago it was 10% plus. everybody thought we would never get out of those deficits. things are not static. maybe even you two -- i never thought we'd be where we are today. things are not static. >> great point. >> very quickly, guys, the model i ran this morning, it may be a double digit number, the model that i ran. which is not the most reliable number out there. the one i ran is a double digit. >> high double digits. >> how did the market react to that? double digit gains. a double digit number, not even 100,000 on the jobs report tomorrow. >> less than 100,000? >> yes. >> i think the mark set expecting probably less than 100,000, expecting high double digits versus low double digits. >> rick, what's up? >> i'd like you to ask our guest, i didn't find his explanation for the lack of productivity very good. i think if you don't get a good answer to it, you end up like japan. some of the new research i see, everybody trying to explain the 25 years of malaise, it reall
we're looking at having a deficit this year of like roughly 3% of gdp. a couple of years ago it was 10% plus. everybody thought we would never get out of those deficits. things are not static. maybe even you two -- i never thought we'd be where we are today. things are not static. >> great point. >> very quickly, guys, the model i ran this morning, it may be a double digit number, the model that i ran. which is not the most reliable number out there. the one i ran is a double digit....
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Mar 4, 2014
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some would increase the deficit. others would not. and so if we can find a way to do it where we don't increase the deficit, and i think the president will have proposals on the table to do that, that may be an area of common ground. >> ukraine, a lot going on there. are you the only person in congress born in karachi? >> no doubt about it. i'm the one american karachi caucus. >> a long line of public service in your family to state and stuff like that. can you help us? what are we supposed to be doing here with the ukraine? >> with ukraine. >> everyone knows that's important territory in the heart of europe. i think right now, we need to be working very closely. with our european allies to identify right away a whole menu of economic sanctions that we would apply in the event that the russians don't move their troops out of crimea. they can, of course, garrison on their base but they need to evacuate other parts of the crimea. we would have that in place. at the same time, we need to be working with the new government in kiev to make
some would increase the deficit. others would not. and so if we can find a way to do it where we don't increase the deficit, and i think the president will have proposals on the table to do that, that may be an area of common ground. >> ukraine, a lot going on there. are you the only person in congress born in karachi? >> no doubt about it. i'm the one american karachi caucus. >> a long line of public service in your family to state and stuff like that. can you help us? what...
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Feb 28, 2014
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office looked at the cost of obamacare over ten years, and showed that it would reduce the federal deficit,. >> and you trust the congressional budget office to estimate the budget of congress? >> and he's not the only one who drank the cool aid n states that have rejected it the majority of citizens foolishly want the expansion. ashley landis explains. >> i understand that we are not delivering the most popular message here. but certainly low income families who are really struggling are going to be hard-pressed to understand all of the nuances. >> they're just so busy being needy they don't knows what's going on. >> i decided to talk to these misguided medicaid want a have's who are hopelessly hoping for help. >> i have environmentally induced asthma and don't have a way to get test. >> my wife has disk disorder. >> i know you feel like you want medicaid but medicaid expansion hasn't been approved in your state. and it's a good thing. it's better for america. >> that seems like the most ridiculous thing to say. how is it better for america, for people who have treatable conditions to bec
office looked at the cost of obamacare over ten years, and showed that it would reduce the federal deficit,. >> and you trust the congressional budget office to estimate the budget of congress? >> and he's not the only one who drank the cool aid n states that have rejected it the majority of citizens foolishly want the expansion. ashley landis explains. >> i understand that we are not delivering the most popular message here. but certainly low income families who are really...
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pointing out that under president obama's leadership deficit has been cut in half as a share of the economy the largest four year deficit reduction since the demobilization from world war two and while for all president obama's budget doesn't call for a grand bargain that same fact sheet says that compromise proposals aka social security cuts remain on the table if republicans ever learn to cooperate it's good to see that president obama has the common sense not to cut social security during an election year but if you really wants to leave the steroids era behind us in. stop talking about deficits and start talking about what the government can do right now to rebuild the middle class. all right with me for tonight's big picture politics panel our staff writer for in these times and carl fresh democratic strategist and partner at both great stretch bullfight strategies carl cole welcome so much so guys and i just you know up high in the sky liberal for thinking that the president could do a little bit more this fiscal fiscal year two thousand and fifteen budget i mean he's now well
pointing out that under president obama's leadership deficit has been cut in half as a share of the economy the largest four year deficit reduction since the demobilization from world war two and while for all president obama's budget doesn't call for a grand bargain that same fact sheet says that compromise proposals aka social security cuts remain on the table if republicans ever learn to cooperate it's good to see that president obama has the common sense not to cut social security during an...
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Mar 1, 2014
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transportation officials say that more funding is needed to address what it calls a growing infrastructure deficit of crumbling roads, bridges and highways. in a report to congress to the dot says washington needs to spend as much as $146 billion a year to maintain and improve the nation's roads and crossings starting right away. >>> to retail where japan's fast retailing the parent company of unico is in talks to buy jay crew. according to the wall street jourl, j crew's management is seeking $5 billion for the business. but it's unclear whether fast retailing is willing to pay that price in a statement the company says it doesn't comment on market speculation. >>> pier one imports cuts its outlook for the second straight month because of snowed-in shoppers. that is where we begin tonight's market focus. the home furnishings retailer blamed the harsh winter for soft traffic. the company did say it expects business to be normal once the weather gets better. still shares down more than 5.5% today to $18.92. it was the opposite story for 3d systems. the 3d printer maker gave investors a strong outlo
transportation officials say that more funding is needed to address what it calls a growing infrastructure deficit of crumbling roads, bridges and highways. in a report to congress to the dot says washington needs to spend as much as $146 billion a year to maintain and improve the nation's roads and crossings starting right away. >>> to retail where japan's fast retailing the parent company of unico is in talks to buy jay crew. according to the wall street jourl, j crew's management is...
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Mar 4, 2014
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and results in a very large balance of payments deficit. these have to be fixed. they are fixable. that is the first order of business. >> imf headlines? >> this is from the u.s. treasury, announcing their assistance plans, the $1 billion loan guarantee is planned and they plan to send technical advisers to the ukraine, saying the treasury will be at the center of international aid and the plan will live to the russian tree move. >> would you presume that the imf is speaking with russia? ofis there a lack communication there? >> certainly, they are members and are represented at the executive board my and executive director. i am sure that there is communication. but the important point here is the technical analysis of what is needed to put ukrainian economic policy in a sustainable and positive mode. then to arrange the financing necessary to make the implementation practical. you so much.k greatly appreciate that from our washington news bureau this morning. really talking about the clamps that have to be placed down in the process. >> w
and results in a very large balance of payments deficit. these have to be fixed. they are fixable. that is the first order of business. >> imf headlines? >> this is from the u.s. treasury, announcing their assistance plans, the $1 billion loan guarantee is planned and they plan to send technical advisers to the ukraine, saying the treasury will be at the center of international aid and the plan will live to the russian tree move. >> would you presume that the imf is speaking...
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Feb 28, 2014
02/14
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its budget deficit is more than a billion dollars. that is the problem. local officials are pleading for a bailout. the country has other problems. the unemployment rate is highest ever, 13%. landing in south korea where the pastor of the world's largest church has been convicted embezzling $12 million. come on. his megachurch congregation top as million worshipers. each church has rows of atm machines in the hallway. that was dead give away something afoot. he has been given a three-year suspended prison sentence and will mead to pay $5 million in fines. >>> do you ever have too much money? i don't think so. don king doesn't. we'll ask him during the break. we'll be right back. in the new new york, we don't back down. we only know one direction: up so we're up early. up late. thinking up game-changing ideas, like this: dozens of tax free zones across new yk state. move here. expand here. or start a new business here... and pay no tax for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up.
its budget deficit is more than a billion dollars. that is the problem. local officials are pleading for a bailout. the country has other problems. the unemployment rate is highest ever, 13%. landing in south korea where the pastor of the world's largest church has been convicted embezzling $12 million. come on. his megachurch congregation top as million worshipers. each church has rows of atm machines in the hallway. that was dead give away something afoot. he has been given a three-year...
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in other words, the tax will go not to reduce the deficit or debt and it will be less lending. why would we be doing that? it makes no sense. spoke with a hunt representative and i want to get your take. to 25, and you are right, 99% of taxpayers will be at 25% or less. 99% and a when i was in school. what we do that is have trade-offs. >> back to the one percent argument. does this thing stand a snowballs chance in hell passing? >> for the bank tax, i hope not, cost -- because you will have less lending. the panel that i was on, and simpson bowles, better known to the general public, we all recommended dramatic reduction rates and elimination of most exemptions, deductions, and credits. that is the only way you solve the problem. if you go at it piecemeal, whether a bank tax on mortgage interest eduction, you never get it resolved. the reality is you want to balance the budget and get the debt in line with where it ought to be. you are going to have to do very dramatic things. i am glad that conversation is starting. you are known as one of the most courageous talkers in the m
in other words, the tax will go not to reduce the deficit or debt and it will be less lending. why would we be doing that? it makes no sense. spoke with a hunt representative and i want to get your take. to 25, and you are right, 99% of taxpayers will be at 25% or less. 99% and a when i was in school. what we do that is have trade-offs. >> back to the one percent argument. does this thing stand a snowballs chance in hell passing? >> for the bank tax, i hope not, cost -- because you...
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the bridge district says they need that money to close a growing deficit. those hikes would be incre mental. in april of this year, the toll would go to $7. two years later, 7.25 and then the next year 7.50 and finally $8 in 2015. if you drive and have a fastrack, that will stay in effect for each of the toll hikes. >> still encourage people to use that. >> yes. >>> 7:10. a rather unusual police response after a fatal crash in pittsburg early this morning. mum at 7:30, why cops approached a crash car with their guns drawn on a major roadway. >>> get me out of here. that's what a lot of travel agents are hearing in parts of the nation right now. what's causing this reaction and where everyone is going. >>> good morning. right now we still have very tough conditions for your commute as we look at 280. a lot of standing water. we'll run it down for you, tell you how the drive times are being affected by the storms. >>> no way of getting around it. we're getting blasted. around half moon bay and pacifica heading north towards san francisco there is a really str
the bridge district says they need that money to close a growing deficit. those hikes would be incre mental. in april of this year, the toll would go to $7. two years later, 7.25 and then the next year 7.50 and finally $8 in 2015. if you drive and have a fastrack, that will stay in effect for each of the toll hikes. >> still encourage people to use that. >> yes. >>> 7:10. a rather unusual police response after a fatal crash in pittsburg early this morning. mum at 7:30, why...
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can't have a state full of potheads and get work done to get the state going in order to pay off its deficits. charles: everybody saying marijuana is this thing like smoking cigarettes with no negative impact to it. there is a negative impact. >> we wish somebody in d.c. just as blunt about health care incentivizing to play the ppano while somebody subsidizes them to leave their job. charles: you can't make this stuff up, exporting goods is suing the ceo of what else for allegedly pretending to be a senior executive, he told the store manager he had a meeting with the ceo and persuaded the employees to show him around in the private back areas and answer questions about the operations. is that balls he or what? >> is this true? a secret agent man pretending he is an employee? charles: a senior executive. >> i think it is a right if it is true, it is a little bit over the top. charles: it is embarrassing to say this guy walked in and anyone could have done that. >> they should give him a coupon, think it is funny. charles: ukraine is spooking the market. your take is next. ♪ see what's new a
can't have a state full of potheads and get work done to get the state going in order to pay off its deficits. charles: everybody saying marijuana is this thing like smoking cigarettes with no negative impact to it. there is a negative impact. >> we wish somebody in d.c. just as blunt about health care incentivizing to play the ppano while somebody subsidizes them to leave their job. charles: you can't make this stuff up, exporting goods is suing the ceo of what else for allegedly...
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Feb 26, 2014
02/14
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nucleus of a mother's dna essentially from her, taking only things outside the nucleus to correct from deficits for tell burterrible illnesses to pt blindness in the third person providing that healthy dna. all the characteristics of what may be a person of than an illness are conveyed by the biological parents. i don't have a problem with that. if all you are donating is the healthy environment in which the traits that belong to two biological parents are to grow, that seems okay to me. stuart: it will be taking a bit further, won't it? you are getting designer babies. >> now allow anonymous and oregon donation. it deprives the offspring of knowing their biological parents. will not even consider this. donate or over him. so is a kid doesn't know who the dad or mom is. what o you need to know that for? it is the key to who you are spiritually, medically. stuart: i am with you all the way. i'm not sure i see a way of banning it and stopping it when it gets to that kind of situation. how do you stop that? i'm going to touch on one of your favorite subjects. social media apps. you are not a fan o
nucleus of a mother's dna essentially from her, taking only things outside the nucleus to correct from deficits for tell burterrible illnesses to pt blindness in the third person providing that healthy dna. all the characteristics of what may be a person of than an illness are conveyed by the biological parents. i don't have a problem with that. if all you are donating is the healthy environment in which the traits that belong to two biological parents are to grow, that seems okay to me....
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Mar 3, 2014
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but we can have a deficit which creates more debt but not at a rate that this grows faster than gdp grows. if gdp is going to grow at 2% in real terms, but the fed has a policy that they're shooting for 2% inflation on top of that, that would mean 4% in terms of nominal gdp and you literally could have debt grow at 4% and it would maintain the same relationship to no, ma'amal gdp as it does now. the trend is wrong. there is a danger of that goes wrong. i don't like seeing it go up as a percentage of gdp. this country is in wonderful shape. >> if you say government pensions aren't the problem because the government has the power to tax, what do you say to somebody who has a private pension? should they be worried about it? should they think they are still going to get it when they retire. >> it's protected by the pension benefit guarantee corps. that has come into play in many pension plans. the state municipal pension plans, the one right here in omaha, is in terrible shape. and almost out of resources. it's a healthy commune and all that. we can work our way out of it but people, both wh
but we can have a deficit which creates more debt but not at a rate that this grows faster than gdp grows. if gdp is going to grow at 2% in real terms, but the fed has a policy that they're shooting for 2% inflation on top of that, that would mean 4% in terms of nominal gdp and you literally could have debt grow at 4% and it would maintain the same relationship to no, ma'amal gdp as it does now. the trend is wrong. there is a danger of that goes wrong. i don't like seeing it go up as a...
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Mar 4, 2014
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>> oh, no, i think we realize that the deficit is going down. who wouldn't hope for that? we hope for it. it's working. but any time you look at what they're doing, it's all short term. the stuff that's going to eat our lunch is 10,000 people a day turning 65. you've got a system that was set up of social security that you won't even address the insolvency of it for 75 years. health care is on automatic pilot. forget what you call it. it's time to deal with the long-term stuff before interest goes from where it is now to back to historical heights and then watch people grab their socks and run for blocks. >> is there anything you think can be done considering that it probably won't be implemented until after the november 2014 midterms? >> anything that will be done will be done down the road. that's what's wrong with the health care plan. whatever it is is all the correction process is down the road, way ahead. and it's like a dock fix. you're going to do another dock fix and they will run in. you're going to do anything. whatever you do, whether it's tort reform or real e
>> oh, no, i think we realize that the deficit is going down. who wouldn't hope for that? we hope for it. it's working. but any time you look at what they're doing, it's all short term. the stuff that's going to eat our lunch is 10,000 people a day turning 65. you've got a system that was set up of social security that you won't even address the insolvency of it for 75 years. health care is on automatic pilot. forget what you call it. it's time to deal with the long-term stuff before...
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because in the end, we could talk about deficits and debt. we could talk about data. but in the end, treasuries really when it gets nasty, when that tina the only -- that there is no alternative to stocks, that changes rather abruptly when stocks go down. and then tina becomes there is no alternative to being long treasuries. we want to keep cognizant of that. to the end the japanese are doing everything in their power to keep the yen weak, let's look at how all that stimulus and various ways they're trying to goose their economy have panned out. one way they've made good strides on. currently the latest reads is 3.7. now, that is the basic lowest rates since july of '07. during that interim period between '07 and now the high was 5.5. the message to this is is that the japanese may have issues for the last 25 years. but huge high unemployment certainly does not seem to be one of them but they made some inroads. base wage, recent data. this is important. base wages were only up 1/10 year over year. one of the things they're trying to do is goose inflation. if you adju
because in the end, we could talk about deficits and debt. we could talk about data. but in the end, treasuries really when it gets nasty, when that tina the only -- that there is no alternative to stocks, that changes rather abruptly when stocks go down. and then tina becomes there is no alternative to being long treasuries. we want to keep cognizant of that. to the end the japanese are doing everything in their power to keep the yen weak, let's look at how all that stimulus and various ways...